Dalal St to Open in Green Ahead of RBI Policy: Factors Affecting Nifty50 on Dec 8

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Dalal St to Open in Green Ahead of RBI Policy: Factors Affecting Nifty50 on Dec 8

By Malvika Gurung

Investing.com -- The Nifty 50 Futures listed on the Singapore-based Exchange SGX, an early indicator for Nifty50 , was found trading 0.19% higher at 8:16 am on Wednesday, indicating Dalal Street to open a positive note, ahead of RBI's policy meeting outcome scheduled for today. At the same time, the Dow Jones Futures was up 0.26%.

The three major indices of Wall Street rallied on Tuesday’s session, with the Nasdaq Composite closing 3.03% or 461.76 points high, Dow Jones gaining 1.40% or 492.4 points, and the S&P 500 gaining 2.07% or 95.08 points.

The strong gains on Wall Street were majorly driven by a rally in the technology-heavy Nasdaq , as concerns around the severity of the Omicron variant of the coronavirus eased off, and Intel (NASDAQ: INTC ) jumped after announcing plans to list its self-driving car unit in mid-2022.

Stocks across Asian markets inched higher in early trade hours on Wednesday, due to a rally on Wall Street amid positive news on the potential impact of the new Covid-19 variant. Local social media giant Weibo debuted in the Hong Kong market. 

MSCI's broadest index of Asia Pacific shares outside Japan was trading 1.89% higher at 8:16 am, and Japan’s Nikkei 1.10% higher.

At the same time, South Korea's KOSPI was trading 0.75% higher, and China's Shanghai Composite 0.70% higher.

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  • Saif Ali @Saif Ali
    good idea
    Like 0
  • Saif Ali @Saif Ali
    good idea
    Like 0

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